Financial and business news from Bulgaria

60 newspapers in Australia have been suspended from printing over coronavirus

Australia's largest newspaper union News Corp, owned by media mogul Rupert Murdoch, announced today it was suspending printing of around 60 regional newspapers because of a drop in advertising profits provoked by the coronavirus pandemic, the BTA quoted France Press as saying.
News Corp said newspapers from the states of New South Wales, Victoria, Queensland and South Australia would no longer go out on paper, only online. “It was not easy to make this decision. The coronavirus crisis has provoked unprecedented economic difficulties and we are doing everything we can to preserve as many jobs as possible. We were forced to stop printing our local editions because of restrictive measures within the fight against the coronavirus,” Michael Miller, News Corp's executive director for Australia, said.

Even before the start of the pandemic, many media groups moved to online publications, France Press notes.


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Administrator • 2020-03-05 15:30:07